Crypto Revenue Offers Bright Spot in Robinhood Earnings Results

Crypto Revenue Offers Bright Spot in Robinhood Earnings Results

Cryptocurrency revenue was one bright spot in Robinhood Markets Inc.’s latest quarterly performance, even as the app-based brokerage slashed nearly a quarter of its work force and posted a overall net loss hit by the market meltdown.

Robinhood’s crypto revenue stood at $58 million in the April-June quarter, 7% higher than in the three months prior and beating an estimate of $55.4 million.

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